BTCM: Back in the Crypto-Fraud Space

  • BTCM has been losing money since 2015, a year after its IPO. We think that’s intentional.
  • We’ll show that the crypto mining plan is end-to-end hype.
  • We found that BTCM overstated by 650% the revenue of the offshore lottery business it bought then falsely blamed a regulatory change for plummeting income.
  • The company has been through five lines of business and three auditors since its core business was banned in 2015. Crypto mining is the latest promote.
  • BTCM is known in China for running low-level scams and Ponzis. Unfortunately, a lot of U.S. investors​ have not yet caught on to the grift.

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